Minister for Finance and President of the Eurogroup Paschal Donohoe attends the November Eurogroup and ECOFIN

On Wednesday 12 November, The Minister for Finance and President of the Eurogroup, Paschal Donohoe, will journey to Brussels to characterize Ireland on the Economic and Financial Affairs Council (ECOFIN), attend the Macroeconomic Dialogue at Political Level (MEDPOL) and the annual conferences with the European Free Trade Association (EFTA) and chair the Eurogroup assembly.

Speaking forward of the conferences, Minister Donohoe mentioned:

The bi-annual Macroeconomic Dialogue at Political Level (MEDPOL) which can happen on Wednesday morning consists of consultant individuals of the social companions at European degree (EnterpriseEurope, European Trade Union Confederation (ETUC), SGI Europe, SMEunited), the present (Danish) and two following Presidencies (Cypriot and Irish), the European Commission, the European Central Bank, the Eurogroup President, the President of the Economic and Financial Committee (EFC) and the chair of the Economic Policy Committee (EPC), moderator of the Macro-Economic Dialogue at technical degree (MEDTECH). The assembly will concentrate on the present financial state of affairs in addition to the significance of labour market and human capital-building reforms in enhancing the EU’s competitiveness.

This can be adopted by Eurogroup the place there can be a dialogue on the newest financial developments and prospects, notably in relation to inflation. Finance Ministers are additionally anticipated to debrief the Eurogroup on latest fiscal developments, as a part of their budgetary discussions. Ministers will then change views about coverage priorities for the euro space forward of the upcoming euro space suggestions for 2026. The debrief from the IMF and World Bank Annual Meetings may even inform these discussions. Finance Ministers will then agree on the position of the Eurogroup in fiscal coverage coordination within the euro space. The new Lithuanian Minister, Kristupas Vaitiekūnas, can be invited to current the coverage priorities of the brand new Lithuanian authorities. In Banking Union format, the Chairs of the Single Supervisory Mechanism and of the Single Resolution Board will present updates as a part of their twice-yearly reporting. In inclusive format, Finance Ministers will revive an replace from the ECB on digital euro and focus on the best way ahead on the subject of stablecoins.

ECOFIN begins on Thursday morning with a proper working breakfast that includes the usual updates on the financial state of affairs alongside a debrief from the day past’s Eurogroup conferences. The breakfast additionally options gadgets on Ukraine financing and a dialogue on the state-of-play of OECD pillar 2.

Immediately following this Ministers will meet with the Finance Minister’s of Liechtenstein, Norway, Switzerland and Iceland to debate the macroeconomic results of this yr’s US tariff bulletins and the buying and selling partnership between EU and EFTA nations.

During the common ECOFIN assembly, Ministers are invited to achieve a basic strategy on the revision of the vitality taxation Directive. The Danish Presidency will replace on the state of play of present monetary providers legislative proposals.

There can be a presentation from the Commission on their lately revealed Annual Progress Reports and Annual Overview Report that kind a part of their Simplification agenda, adopted by an change of views from Ministers. Discussions on Ukraine will proceed earlier than the Council adopts an implementing resolution approving focused amendments to the Recovery and Resilience Plans of Croatia, Belgium, Estonia, Slovakia, Luxembourg and Romania. The Council will approve conclusions on EU statistics and focus on the 2025 Annual Report of the European Fiscal Board earlier than concluding with a follow-up to the G20 Finance Ministers and Central Bank Governors assembly on 15-16 October and the IMF annual conferences.

ENDS